One of the most important challenges in warehousing is properly managing your inventory to maintain proper inventory quality and meet demands. Inventory fulfillment issues can lead to missed deliveries, incorrect shipments, and ultimately disappointed customers. Manual operations are not as effective at maintaining inventory control. Studies show that 62% of warehouses report human error
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In 2019, the holiday peak season yielded as much as $730 billion in online and in-store purchases. Needless to say, global changes have reshaped supply chains as well as customer expectations. In stark contrast to previous estimations of 2020’s peak season, today’s research shows that one out of three consumers plan to reduce spending, traveling,
Although efficient inventory management is crucial in today’s supply chains, over 40% of retailers continue to struggle to keep accurate inventory counts. The issue has resulted in over $900 billion lost in a year to surprise out-of-stock and lost customers. To help improve operations, ValuTrack has taken a look into seven prevalent and easy-to-implement
Though similar, inventory and warehouse management present subtle yet important differences that can benefit your operations. By understanding the differences, you can leverage both systems to expand crucial operational visibility for current demand and future changes. That’s why we’ve taken the time to explore the benefits of each. What is Inventory Management? This process
Supporting every aspect of your enterprise, operational visibility equips your team with crucial insight into current workflows and future supply chain trends through the use of tracking systems. Because your tracking system directly affects operational visibility, ValuTrack recommends thoroughly assessing your tracking system in order to mitigate order processing issues that could affect the
At the end of 2018, inventory shrinkage cost U.S. retailers as much as $46.8 million dollars in missing assets. In addition to possible theft and misplacements, overstocking may account for a greater portion of inventory shrinkage. According to the U.S Census Bureau, businesses tend to overstock nearly $1.4 for every dollar of inventory owned. In
Looking for smart labels for your RFID inventory management? We have listened to our ValuTrack customers asking for simple, flexible, smart RFID software and we found it! BarTender software by Seagull Scientific combines the flexibility and user friendliness you find in creating barcodes with state-of-the-art functions to produce showcase RFID tags. BarTender provides full service
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